Originally posted by BlasterBates
View Post
Secondly austerity will not work: how on earth are the PIIGs to recover if the medicine is killing the patient? 10 years ago they same medicine was tried in Argentina. It didn't work - they defaulted.
Lastly I hope an orderly solution is found to the Euro problem or the economic consequences could be dire - but I fear not because the Germans are doing what they've always done historically: making the wrong decision on idealistic grounds.
Comment